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Technical Analyzing of ASI

+3
arrowms
opfdo
Roboticfx
7 posters

Go down  Message [Page 1 of 1]

1Technical Analyzing of ASI Empty Technical Analyzing of ASI Wed Jan 25, 2012 8:34 am

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Hello Guys and Gals! Very Happy Very Happy

Please put your analyzing of ASI in this post but do not put single comments like "Market will green" which doesn't contain reasons. Exclamation

Here is my one! Very Happy

[img]Technical Analyzing of ASI Asi12[/img]
I set the period to one year and used usual parameters.

1.First we take the Parabolic SAR(upper red line in first chart). Here you can see the red line has bent but not too much but the 2nd red line shows a downtrend. Parabolic SAR is a trusted indicater and it signals us market will not move further down again and again and it has ability to increase up. I have applied bollinger bands that shown in blue colour. Look the bottom red line is very close the bottom line(orange colour) of bollinger band and it signals us buying opportunities will come very soon. I have used the line pattern to indicate the ASI movements but it is much clear if use candlesticks.

2.In MACD chart 12 days moving average still on above the 24 days moving average. But if you see it carefully you will see that blue line has touch the orange line but it didn't cross it. That gives us the signal "Hold". But both lines are moving below the zero line. It tells us "the situation is not too risky. You can buy good and strong shares"

3.RSI value is 21. That is the strongest signal which tells market will move up with bull runs and it has recovered. It shows the 'oversold' signal has been caused by panic selling and credit relaxing. Anyway, If market drop today you can buy fundamentally strong shares @ very less risk and you will get chances soon to earn big profits. Green mark to change our dark moods! alien

4.Money flow value is 45 and it also tells us there is a possibility to move ASI up but it is better to decrease this value by little amount because it will reason for a steady bull run.


king



Last edited by Roboticfx on Wed Jan 25, 2012 9:31 am; edited 1 time in total (Reason for editing : added bollinger band explanation)

2Technical Analyzing of ASI Empty Re: Technical Analyzing of ASI Wed Jan 25, 2012 9:03 am

opfdo

opfdo
Vice President - Equity Analytics
Vice President - Equity Analytics

thank you very much for the valuable input my friend
flower

3Technical Analyzing of ASI Empty Re: Technical Analyzing of ASI Wed Jan 25, 2012 9:15 am

arrowms


Manager - Equity Analytics
Manager - Equity Analytics

Good work , But be careful 'cos CSE less monitored , monopolistic market. So some times the tech analysis do not work.

4Technical Analyzing of ASI Empty Re: Technical Analyzing of ASI Wed Jan 25, 2012 1:24 pm

mra

mra
Manager - Equity Analytics
Manager - Equity Analytics

at the moment technical analysis won't work due to few reasons. main one is force selling. they will sell it for whatever available bid.

5Technical Analyzing of ASI Empty Re: Technical Analyzing of ASI Wed Jan 25, 2012 8:28 pm

Trillionaire

Trillionaire
Manager - Equity Analytics
Manager - Equity Analytics

Thanks a lot RoboticFx! Learned a lot from your post!
Kepp up the good work! Smile

6Technical Analyzing of ASI Empty Re: Technical Analyzing of ASI Thu Jan 26, 2012 1:01 am

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

When refer to the yesterday charts (25th) there is the signal which indicates market has started to move up. Very Happy alien

7Technical Analyzing of ASI Empty Re: Technical Analyzing of ASI Fri Jan 27, 2012 11:43 am

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

it's working now! hey hey! Very Happy

8Technical Analyzing of ASI Empty Re: Technical Analyzing of ASI Fri Jan 27, 2012 11:56 am

MY MONEY

MY MONEY
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

hay bro chk this link too

http://forum.srilankaequity.com/t15096-pls-check-this-chart-of-asi-all-share-index

9Technical Analyzing of ASI Empty Re: Technical Analyzing of ASI Fri Jan 27, 2012 12:24 pm

K.Haputantri

K.Haputantri
Co-Admin

Roboticfx, your analisis is excellant. I admire your valuable input. Thanks.

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